Gas

Energy Investment

Norway to Invest in Renewable Projects in Developing Countries

Norway is investing in a fund that aims to reduce greenhouse gas emissions in developing countries.

Oil&Gas Drilling

McDermott Secures Subsea Job on Bayu-Undan Field

McDermott International has secured a subsea engineering, procurement, construction and installation contract with Santos for the Bayu-Undan infill well Phase 3…

Oil Field

China: Daqing Oilfield's Oil and Gas Achieved Double Overproduction in the First Half

As of June 30, PetroChina’s Daqing Oilfield had completed domestic and international oil and gas production equivalent of 21.54 million tons, an increase of 86…

Oil & Gas Supply

Singapore Fuel Oil Inventories Sink to Over 3-Month Low

Singapore residual fuel oil inventories fell 5% in the week ended July 7, dropping to a 3-1/2 month low despite steady net import volumes, official data showed …

Oil Exploration

Turkish Company Applies to Explore for Oil in East Med - Official Gazette

Turkey's state-owned energy company TPAO has applied for a licence to explore for crude oil in the eastern Mediterranean.

Oil&Gas Drilling

Early Mover CGX Spuds Long-Awaited Guyana Oil Well

Canadian independent CGX Energy, one of the early movers in Guyana's offshore play, spudded its first well in the South American country, 21 years after its ini…

Market Analysis

Algeria Leads the GECF Research and Development Arm

A Founding Member of the GECF, Algeria’s footprint in the 18-member association is deeply embedded in the history and current direction of the organisation.

Hydrogen Production

ITM Power to Provide a 2MW Electrolyser for Japanese Demonstration Project

ITM Power is set to provide a 2MW electrolyser to Sumitomo and Tokyo Gas for a joint hydrogen utilisation demonstration project at the Yokohama Techno Station.

Oil Field

Lukoil to Operate Offshore Area 4 Project in Gulf of Mexico

PJSC LUKOIL announced the entry into an agreement to acquire the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator’…

Crude Oil

Oil Prices Climb as U.S. Reports Rapidly Declining Crude Stockpiles

Oil rebounded after a U.S. government report showed rapidly declining inventories and record-high fuel demand in the midst of the peak summer travel season.

Oil Price

$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s

Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s…

Solar Power Plant

63 MW Solar Project Completed in Philippines as part of 5 GW Renewables Plan

A 63 MWp solar project has been completed in the Philippines by Modern Energy Management for AC Energy. The Gigasol project is part of the latter’s plan to rol…

Oil Refinery

First Overhaul After the Modernization of the Shymkent Refinery is Completed

Shymkent Refinery is the Pearl of China-Kazakhstan Energy Cooperation Project

LNG

CNOOC and Petronas Signed a 10-year LNG Supply Agreement

The transaction is valued at approximately US$7 billion.

LNG Carrier

The Suez Canal Blockage: Impact on the LNG Shipping Marke

The first half of 2021 witnessed an impressive volatility of the LNG shipping market.